Update of the Credit Module on Oracle FLEXCUBE

Project overview

For Bank al Etihad, we’re developing and upgrading the internal data warehouse. One of the knowledge sources is the related core banking system, i.e. Oracle FLEXCUBE, in case of this client. During the project, we analyzed and implemented an urgent change request. It was related to the credit module of Oracle FLEXCUBE, its data flow.

Client information

Bank al Etihad is a Jordanian bank that offers a wide range of financial services, including online payments and mobile banking. It is one of the fast-growing banking entities in Jordan that strives to keep pace with the current global economy and technological advancements.

Team composition
3 members

1 Oracle engineer
1 Oracle FLEXCUBE database consultant
1 project manager/business analyst
Client name

Bank al Etihad
Expertise used

BI and reporting, Data warehouse and ETL, Oracle
Duration

9 days
Services provided

Software audit, Legacy application modernization
Country

Jordan
Industry

Banking, Financial Services

oracle flexcube credit module modification project overview

Business challenge

Due to the recent COVID-19 pandemic, central banks in various countries listed new directives for commercial banks. They related to credit/loan restructuring and payment schedules. The reason behind these changes is simple: a lot of people were fired, so they couldn’t repay their credits or mortgage loans on time. Bank al Etihad had to comply with these new rules, as well.

Technical challenges

To meet the central bank’s requirements, our client had to change the credit module of Oracle FLEXCUBE. The main issue was that the core banking systems aren’t intended for such changes. Any data/process modification can be considered fraudulent and illegal. Hence, we had to find out how to avoid data deviation between reporting and analytical subsystems.

Solution delivered

Initially, we carefully analyzed the client’s change request. Thanks to close cooperation between analysts, developers, Oracle engineers, and FLEXCUBE consultants, the team implemented the change within a few weeks. We identified business gaps, upgraded the credit module, and provided sufficient testing: smoke, regression, and integration. As a result, our client received the software system compliant with new regulations.

Case study

Oracle FLEXCUBE credit module modification

diceus.com

Project overview

Client information

Information

Team composition: 3 members

1 Oracle engineer; 1 Oracle FLEXCUBE database consultant; 1 project manager/business analyst
Client name:

Bank al Etihad
Expertise used:

BI and reporting, Data warehouse and ETL, Oracle
Duration:

9 days
Services provided:

Software audit, Legacy application modernization
Country:

Jordan
Industry:

Banking, Financial Services

Business challenge

Technical challenges

Solution delivered

Value to our client

Full regulative compliance

With the updated credit module, Bank al Etihad meets all the central bank’s requirements from the coronavirus-related directives.
No deviation and penalties

After a thorough analysis, we were able to implement the change request in a safe way, without violating strict bank rules.
Relief of social pressure

The bank’s customers can now restructure their loans and credits without issues. As well, the bank itself can handle this process smoother.

Tech stack used in project

Oracle Database
Oracle FLEXCUBE

diceus.com

Software solutions bringing business values

4.9/5

46 reviews

Phil Reynolds CEO at BriteCore

"DICEUS team has consistently supported the BriteCore team for many years. Their engineers are well-educated and highly invested in the ongoing quality of the BriteCore platform with sustained relationships that extend over four years. We appreciate everything the DICEUS team brings to the table as a development partner."

Soren Hundeboll Founder at InsuBiz

"The DICEUS team is flexible in this collaboration, their expertise shines. I like that they are not afraid to suggest alternative designs. If DICEUS team thinks that my way of crafting a user interface is not ideal, they will confront me with an alternative. They don’t simply take what I give them and run with it if there is a better way."

Soren Hundeboll Founder at RiskVille

"Existing clients were introduced to the cloud software and are eager to adopt it. Although accustomed to full stack development, the team is flexible in this work, because they managed to develop a certain part of the stack. DICEUS could recommend me alternatives to solve the issues."

Richard Haynes CEO at eTool

"The project ran smoothly. DICEUS delivered good work and increased resources in an effort to maintain deadlines. The project itself was adding functionality to an existing web app and DICEUS had to quickly become familiar with a very large code base to deliver the work which is commendable. We will consider them for future projects."

David Abbott CEO at Take Note

"We were relieved when we started the work with DICEUS, the competence level promised, was evident with a real commitment to quality. They gained a quick understanding of our business which meant they were highly productive very quickly. The price was also competitive, reducing the costs of working with our previous partner in India and probably halving the price we would pay for less qualified developers in the UK."

Robert Koval Managing Director at TeamBase DMCC

"The collaboration has increased by as much as 25% each year, thanks to DICEUS’ technical capabilities and quick feedback adoption. The team’s professionalism, cost-effective rates, and consistent delivery continue to support both the engagement and product end-users."

Andrew Kagan Project Coordinator at AMFS

"DICEUS demonstrated a very high degree of expertise in the type of programming and the product environment that they’re working in, which is exactly what I was hoping to find. I would say their core competency was having a very strong depth of programming expertise and knowledge within this particular market, and also within the platform that they were working on."

Oracle FLEXCUBE credit module modification

Project overview

Client information

Business challenge

Technical challenges

Solution delivered

Value to our client

Full regulative compliance

No deviation and penalties

Relief of social pressure

Our tech stack